TJGC▲
TJGC Group Authorises US$2,000,000 Share Repurchase Program
TJGC Group Limited said its Board of Directors has authorised a share repurchase program for up to US$2,000,000 of the Company's Class A ordinary shares. Chief Executive Officer and director Bin Guo said the adoption reflects the Board's confidence in the Company's long-term strategy and growth prospects and its commitment to a disciplined approach to capital allocation. Repurchases may be made from time to time through open market purchases, block trades, privately negotiated transactions or other means, with open market purchases structured to comply with the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, and the Company may also enter into Rule 10b5-1 plans. The program has no time limit, does not obligate TJGC to repurchase any specific amount of Class A ordinary shares, and may be modified, suspended or discontinued at any time without notice at the discretion of the Board. TJGC, which provides integrated marketing and advertising services in Hong Kong through its subsidiary Ctrl Media Limited, expects to fund the program from existing cash and cash equivalents and/or future cash flows.
TJGC · Capital · Positive Board authorized a US$2,000,000 share repurchase program funded from existing cash and future cash flows.